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The loan shark is charging you 0.25 percent interest daily. If you borrowed $5,000, how much will you owe at the end of three years.

  1. The loan shark is charging you 0.25 percent interest daily. If you borrowed $5,000, how much will you owe at the end of three years. Assume that no other payments are made and that one year has 365 days on average.

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